Mark Turney owns Creative Corners. He does his banking at United Federal Bank (UFB) in Tucson, Arizona.
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Question:
Mark Turney owns Creative Corners. He does his banking at United Federal Bank (UFB) in Tucson, Arizona. The amounts in his general ledger for payroll taxes and the employee’s withholding of Social Security, Medicare, and federal income tax as of April 15 of the current year show the following: Social Security tax payable (employer and employee), $3,020; Medicare tax payable (employer and employee), $ 734; FUTA tax payable, $84; SUTA tax payable,
$414; and Employees income tax payable, $4,622.
Journalize the payment of the form 941 deposit to UFB and the payment of the SUTA tax to the State of Arizona as of April 15, 20.
Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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